• jve@lemmy.world
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    3 months ago

    the EU people who would’ve become uber rich tend to invest more back into the market and local communities, whereas the US uber-rich just hoard money.

    Is this evidence based, or feels based?

    • Nalivai@lemmy.world
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      3 months ago

      That’s what higher taxes do. And that’s pretty evident, taxes in EU are generally higher and it’s harder to loophole out of paying them.

      • jve@lemmy.world
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        3 months ago

        that’s what higher taxes do

        Higher taxes cause people to tend to give back to their communities instead of hoarding wealth?

        I thought higher taxes forced them to give money to the government, who may or may not do that.

        • Nalivai@lemmy.world
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          3 months ago

          Taxes is how people give back to their communities, their wants have nothing to do with that. That’s kind of the only way, rich people will never voluntarily give money away otherwise, that’s why they’re rich in the first place.
          In a democracy, the government is “the people”.

          • jve@lemmy.world
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            3 months ago

            No shit. Why are you here telling me that?

            Are you just here agreeing with me in a way that makes it feel like you are arguing?

    • Alaknár@sopuli.xyz
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      3 months ago

      I don’t have any statistics or research, but this comes from personal experience in my home country. A bunch of millionaires put a lot of money in universities, schools, libraries, many fund parks and recreational spots.

      There was a pretty famous one who financed the computer hardware for one tech academy and had an internship program for its students at his business. Non tech millionaires would often fund things like marathons or other sports activities. One radio station that had its HQ near a national monument would spend a portion of its income on maintenance, etc., etc.